800 S 4th St - Apartments FOR SALE


Independence, OR 97351
$1,900,000 USD
503-351-0146
800 S 4th St, Independence, OR for Sale
$1,900,000 USD
Apartments - FOR SALE
1/10
null | 6.17% Cap Rate

800 S 4th St
Independence, OR 97351


HIGHLIGHTS

  • Spacious Floorplans with Natural Light
  • Newer Roofs, Sliding and Exterior Paint
  • Off-Street Assigned Parking

OVERVIEW

Parkside presents a compelling investment opportunity, featuring twelve 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, ideally located just blocks from downtown Independence. The complex is conveniently near a range of amenities, including coffee shops, a live music venue, and kayak launch points. The property has undergone significant upgrades, including a complete exterior envelope renovation with new roofing, siding, and exterior painting completed in recent years. Interior enhancements include updated cabinets, countertops, luxury vinyl plank (LVP) flooring, and remodeled bathrooms. There remains potential for investors to further upgrade units with higher-end finishes to maximize returns. Additionally, Parkside is situated close to Oakvilla Apartments, a 26-unit complex listed by The Rhoades Group of Marcus & Millichap, contributing to a substantial portfolio of approximately 40 units within the stable Independence market.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$193 USD /SF

# OF UNITS

13

PRICE/UNIT

$146,154

CAP RATE

6.17%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkside

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,735 SF

ZONING

PS

APN/PARCEL ID

206615

ASK ABOUT THIS PROPERTY

Whitney RhoadesMarcus & MillichapMore Info
503-351-0146

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Whitney RhoadesMarcus & MillichapMore Info
503-351-0146

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.